E148: McCarthy ousted, border chaos, Cruise's robotaxi "accident" & more
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How is your coin city?

Oh, well.

that was .

talk about.

talk about my is, have you guys had yours recently? Who's had a cold? I in december is first.

Yeah, I was still link on mind. They used to be fifty, and they move the age down to forty five. Yeah, they didn't move the age down for you, have you? That's yes. We're got a yes sacks.

Have you had yours?

By the way, I got report because I actually sex. You did have one and they found a bunch of descendest merchant dice of kind of descendest had a the scientist pin tons of descent tiff right after. At our age, we should be four for four on the colonoscopies, where one for four they'd ta get that start up every week.

I want to check in here proper file. Uh, much. Shut up.

Michael Jackson is the greatest drug ever. I count to fifteen seconds. I was knocked out.

I woke up. And the next thing I know, I was in the recovery area. Where are you? grog? I was not grog.

No, I was fine. You literally don't remember anything. No pain, no suffering.

I did have are you able to have a regular schedule the rest of the day? Not really. So, uh, I don't want to dissuade anyway from having this bet. You do have to take a train call prep which clears you out. And when I say .

clears you out, I like.

clears you out. Yeah, I hit a record low weight on one sixty eight now. So that was .

the one benefit.

Three pounds maybe. Come on. Oh yeah, yeah, yeah.

Are you working when you are prepping? No, I was working when I propping. So monday when I propping, but then literally. So do you take this prep stuff an hour later? You need to be ready to evacuate at any time.

Normally that dias coming out your mouth.

absolutely.

absolutely. Well, there are. You come up the.

We open sore to the fans and .

just got razing.

Aren't everybody welcome to another amazing epo de of the all in podcast episode one for eight, the docket is absurd. H the number of lawsuits and the amount of news that has happened in just the last week has been insane. But we want at the top of the show, do a quick correction, right? It's an all in correction.

If we make a mistake here, we don't hide IT in the shower notes. We just talk about IT right up front sex. You were in touch with the air table CEO how we look who's been a guessed on this week, and start up i'm going to have on again actually soon. Maybe you could just discuss what we ve got wrong and how we ve got IT wrong, and then what the correct facts are about your table just quickly here, here at the top of the show.

Yeah, well, we had a segment, a couple. We go where we are talking about these high Price, late stage uncorking rounds needing to get revalued. And the IPO of inter car was a good example of this, where, yes, IPO did about ten billion, but the last private around was at thirty nine billion.

So there is a big wave of evaluations or downward ds coming. And we cited some numbers of the internet regarding air table. As IT turns out, not everything on the internet is true.

And you're talking about specific journalist got .

to wrong with a tweet storm on x from a financial count that appeared on the surface to be correct. And in fact, I did have some correct information, but IT was outdated. IT was stale.

So just the quick correction here is that the amount of arr that we cited, which I think was around one hundred fifty million, was accurate as of the time they did the last round, but that was like three years ago. Furthermore, the growth rate that was cited, which I think was around fifteen percent, that was off, that was off by about a three X A multiple. So when you put all these things together, I wasn't able to get the exact numbers.

But if you just do a little bit of napkin math here, my guess is that air table is somewhere in the half a billion of A R club with pretty decent growth. And if you look at the public comes for that, I think the public comes me something like a monday, you know, which is doing five to six hundred million of are are coming off a fifty percent growth rate, maybe forecasting thirty percent for the next year that companies been hovering around the seven eight billion dollar valuation range. Twelve x yeah, the claim that was made on x was that air table was even worth the one point four billion that has raised in VC money.

I think that way off. I mean, and furthermore, you know, what we heard is that air table still has something like two thirds the money that is raised in the bank. So look, is air table worthy?

Eleven billion that I was valued at, at the peak. Probably that's not with the public comes indicate, would I be a buyer personally at roughly half that Price for sure, for sure. And I think you will have a nice IPO at some point when they decided they want to do IT.

So just an important reminder for everybody is, you know, listen, if information on the intra webs IT may not be correct, but the top news story in the country is unequivocally keva Cathy being outed a speaker of the house on tuesday, he was voted out in a two sixteen to two ten vote with eight far right republicans, uh, joining all of the democrats.

Uh, so those A G O P members include, or LED by that gates, obviously a group of, I guess, what would be best described sax as tea party. Ask members of the the G O P contention. They they care mostly about spending and curtail spending in my correct. Don't forget all the democrats I put in, the democrats on where we kind them, just thought about the eight who made .

this tip over the media is when I portray them as these far right, you know, wingers. And I don't think you can also say that because I don't think Nancy makes fits in that group. I think he does care about spending, but she's not about .

spending exactly right?

I mean, anything that the media doesn't like label far right. But I think you, Nancy master, good example of somebody who is very concerned about spending discipline, but is not like a maga type republican.

But what is the and just to just refine this one more time before I keep going, those eight would the comment thread would be control spending. Where we have out of control spending is is the reason for voting a no vote for Kevin a carthy.

I think there are a couple of their pieces of this. If you listen to this, you make some of the other people. They were involved here. A lot of the issue comes down to the trust. They felt like they can no longer trust of mercury. They felt like the things that he had told them in private were not matching up with the things that he would then later do, or that he would say in public, or that he would tell the by administration. So I think that .

issues were.

well, that I think is a couple. One was on spending. He had promised that he would stop doing these giant on of the spending bills where everything would be lumped into one bill. You get like twenty four hours to read IT, and then you got to vote up or down on whether you pass this giant spending bill or shut down the government everyone feels force to vote for. He had promised to do single subject .

spending bills. So military, education, welfare.

yeah, that goes to a regular budget process. So they felt like he had broke his promise on that. I think also on the issue of ukraine, there were some trust issues there because what he was telling republicans in private was not what he was told the by administration in private, where he was told the by administration to all we're going to get the ukraine funding through.

But then he was sounding different notes with various republicans. And I think his true feelings on the matter came out in this press conference. Cy did after he was asked, in which he goes on this long round about how putin's the second coming of aid of hitler. And if we don't stop him now, he's going to be marching into paris.

And I mean, what sort of this like unhinged second grade american history style of view of of the war, which regards of what your view is on IT? I think IT expressed his true feelings on the matter, which is that when push came to shop, he's more hawkish than joe biden. On the issue of ukraine, he feels that biden has not done enough.

It's safe to say that that position is now very out of step with a republican caucus. So he is pushing a view on ukraine that is now very out of step. Moreover, I think that if he had just acted on his broker on the issue, which is, say, list, i'm going to represent the views my caucus.

My caucus is divided on the issue. I'm just going to let them have an up or down vote on then I think he could have survived on that issue. But instead, again, I think he was trying to be, if you late, things in a direction of continuing ukraine. Funding regards of the use of his caucus wants to and cr .

continuing resolutions are those extend the funding deadline from october first of holidays, claiming this spice congress time to run all those individual promotion bills into the other spells you correctly pointed out, gates wants to end the practice and return to regular order passage individual annual spending bills. Not be of us.

the context that I think is important, but I think is that the american public should understand is how is this actually supposed to work so that we don't Normalize what these crs are? So the way that is supposed to work is that congress is authorized by law to create twelve spending bills here, and each of those bills have to map to the large parts of the government.

So there's a military bill, there's an education bill, there's a, you know, H H, chess bill at sea sea. And those are all supposed to be negotiated on the house foreign ast. The senate is allowed to do a version of the same if those two things are different, meaning the senate doesn't take the house bill and create their own.

The law says that you have to create what's called the conference, and a group of people have senators and half congress people sit in a room, hash out immediate a resolution. And that is what goes to the president's desk to be signed. That's how I used to be done.

But about a decade ago, all of that broke down. And now what happens is you have this thing, that tax mention, which is called the C R, which is essentially a back door. It's this release foul that is supposed to be a in emergency break class type measure that has become fundamentally Normalized.

And I think what's important to call out is what happened here isn't getting the just attention because it's being characterised on party lines and not actually being characterised with how amErica is legally supposed to work as defined in the constitution. So the congress is supposed to past wealth spending busier. It's then supposed to get negotiated or approved by the senate.

And then I should go to the president when you overwrite that with these continuing resolutions. This is the issue that freeburg been talking about. You balloon the deficit.

You balloon the debt. You have all kinds of port barel spending, their zero count ability. The bullets cost six thousand dollars.

The umbrella holders cost fifteen thousand. All of this nonsense that just brings us closer and closer to some sort of default or economic contagion. So I actually look at this issue not as republican verse democrat, the far right wing.

I think that's misguided interpretation by the mainstream media. I think what this is, is the first chance in a while where you're not allowed to pass a continuing resolution where you will have to propose twelve bills the way the law says you're supposed to. And what that will mean is that you'll have to negotiate a compromise to get those twelve bills passed.

Now what's crazy is the senate actually has six of those bills on their desk and they haven't even negotiated IT. And I think the reason is because they know that the C. R.

Is always in the office. But if this continuing resolution is not allowed because you fired the speaker, then they'll have to negotiate those bills. And part of what mccarthy did to get elected was say, we will return to the law and not use the in emergency break class. And I think that's what's not it's not understood well, I think by americans as that is the actual process. We haven't been doing this for a decade, and i'm not a fan of gates, but i'm glad that somebody did this because somebody has to draw line in the the republicans and democrats equally have been responsible for breaking the way the american government money and so this is the best .

way to fix IT freeze er you agree with what's gone down here and that and that this is worth shutting the government down eta or deeding. This is like where to make the stand because you've been very through controlling spending uh as survive. And so do you think that this is the the best way to do .

what I guess it's more about the united status facing a fiscal emergency, national debt reported by the treasury department increased by two hundred and seventy five billion dollars in a one day report yesterday, twitter and and seventy five billion dollars in a day. The entire tarp program during o eight was four hundred billion dollars. That's how out of control our physical condition.

And this is a function of rising rate, a function of spending. And you know, as we talked about many times over, there's an a rithmetic to this that at some point IT becomes ever escalating until you step in and do something dramatic about IT. So i'm hopeful.

And I I mean, there's a lot of retaliation. You can watch all the news channels and see a lot of these congress people get on camera and talk about different things. I think we're seeing more frequently now people talking about the fiscal crisis the B.

U. S. Is facing and that this action provides a mechanism, as chart points out, for forcing everyone in the table to figure out how do we reduce the impact? How do we chart a path to a solution.

Because right now, you asked anyone in congress, what's this strategic plan here? There is not gonna an answer from anyone. Everyone's got a different point of you, and everyone's fighting over the deck chairs on the titanic. And we've got a more significant problem. We're having an iceberg.

So yeah, i'm hopeful that this causes hopefully a turning point in the never ending spending spray where everyone gets elected and everyone promises to the folks that they're representing and the folks that funded their political campaigns, some amount of money back out from the government and everyone gets that free money, and at some point something is gonna turn around or the whole thing kind of goes down. So hopefully this is that moment. I don't know.

But if the government shut down for weeks and months to try and figure this out, and for everyone to get a line with, here's the long range to teach c plan presented to the american people on how we prevent the U. S. From either inflation or bankrupcy, then I think everyone feel like I was worth in sex has been tons .

of speculation about what this is s what this is actually about is IT about ukraine, is IT about adda control spending, is IT about mackey and Kevin crazy having some sort of personal grade each other? Do what do you think is at the core of this sex? Well.

probably all the above. I think it's fundamentally a rejection of the state. q.

Kevin carthy, nothing, yes, is a figure of the satisfaction. And he's worked for twenty years through the system. He's a great fun raiser.

I actually attended an event for him down the street here. Of course, all the donors love him. And look, I like Kevin mcArthur, contribute to Kevin mcArthur.

At the end of the day, i'm not sure that kemoc is a guy. It's going to get us out of this mess. And the financial is he's just to conciliatory. And the idea that you're going to impose spending discipline and get us out of the buddying mess that we're in, the idea that you're going to make that moment without breaking a few eggs, I think, is this kind of silly. So I think we need a tougher speaker who's going to actually live up to the promises of stopping these omas bills, going back to single subject bills, who is going to represent the views of the majority of the republican caucus on indefinite infinite ukraine spending because he's kind of off center of the republican party on that.

Why can't the republican party be in unison on this? Explain what the, what's the rift inside the the G O P. Right now?

He has debates in this party. What you see is the democrats are in total lockstep and they just support whatever is the status. But the republicans actually have debates inside their party.

And there is a big debate right now on how we handle ukraine. And I think there is growing opposition to a blank check. As long as IT takes policy towards ukraine, we ve really appropriated over a hundred billion. What's return on an investment of that?

The the key you think that's the key, not the the crs.

I think it's both of those issues combined with the fact that increasingly, mccarthy was not seen an honest broker. Listen, I think mccarthy could have had whatever reviews he wanted to if he was perceived to somebody who actually represented a majority of the republican caucus. But what nasi may is, what makes ates? What these others who rebel were saying is, listen, what Kevin told us is not what he did.

And I personally witness this aspect to macarthy. Okay, so when I went to this event down the street here, I heard him gave this whole puller rant. And then afterwards I came up to me, I can, what are you talking about? IT you really want to cause or three and all the son, he backpedaled and he started seeing these consolidator things. And I was like, okay, maybe he just went on this like two, where, you know, was kind of off topic.

Did he do that? He to IT, did you reduce IT.

But after I kind of a had this like cyber with him, i'm like, okay, maybe it's not so bad. Maybe you know, I think he he promised that he would impose.

He ket let's be there.

Well, I think he.

well, no, not quite this because he didn't quote to he to he what I would .

say is that he was really good in any particular meeting at saying conciliatory, ory things to get somebody to like him and to get .

his a box.

Well, I mean, if I think a lot of politicians .

are I to you and he, tex, would you have voted with the aid where you voted with the rest as if you.

I then have voted with the aid? I mean, even I like, look, I like mccarthy. He's a likeable guy.

But again, I think that press conference cy, he held, revealed the truth of IT, which is he was passing me. His real view is that we need to support ukraine for laws that takes. And he told me a very different.

his grand bargain was that he would stop these continuing resolution, pork ball bills. That was the grand bargain. That was the thing that said.

And if I don't do IT, you guys can vote me out. Remember this? Yeah, you know, that was his negotiation. So if this really was kind of like a father complete the minute .

he decided to pass and yet another bill he was dealing.

why the republican party like that, gates to get all of the attention and to be like the organizing principal, because he, such a loads and individual to so many people, put in the republican party outside the guy, the guy broke a fundamental promise. And that promise wasn't that provocative as just like, yeah, we're going to pass twelve bills. We're going just gonna follow the law and he couldn't follow the law.

And so why isn't anybody else stand up? Why does he have to take these eight kind of coal lasting with with the dams? It's really nutty actually.

Yeah.

there's a very strange series of event.

And by the way, I think you make a your last point there. This would have happened if hockey Jefferys didn't send down word that all the democrats are just vote with my gates. I think that this is a vote against their long term interest. Because the fact the matter is that Kevin mcArthur, timah was a very plant speaker and he was giving the democrat what they wanted on spending, on keeping government funded and open forever at higher and higher rates of spending. And on ukraine, they're never against somebody who is more compliant.

Dear point, I think what what is really interesting and hopefully beneficial for amErica is we have broken the seal on unseeing the speaker into term if they kind of like violate a handful of these defined things. And I hope one of these things is the best thing we could do for america. Just force all of these folks s in congress to negotiate for all bills here.

Keep in busy focus on those bills. Get too like a compromise. Get IT to the senate.

Get IT voted. Get IT to the president. Sign that's IT. If they, if they just did that, we would probably spend a third to half of less than we do.

Now this gates, the winter or of this looked like by.

you see, you guys know, like when you try to propose elements of a bill right in one of those real bills, okay, IT has to go to the the C, P, U. And IT has to get scored, right? For example, we've tried to propose certain aspects of legislation.

And no matter whatever we think about IT, there at least is an independent body that scores IT and says, here's the x, your cost, the y you're cost. Here's the benefits. And so you get a very clear sense in a transparent, and that's published everybody, about what this is in C.

R. You can avoid all of that stuff. There is no close study of any of this stuff.

And you know, David is right. You get IT on a thursday night at like eight P. M, and you vote friday at six in or like at the midday. How is anybody supposed to approve a multitrillion dollar package? Logically, you know.

it's riddled with nonsense, and this makes no sense that you don't break up the work and do with thought of each time. I guess, should they change this ability for one member to propose a resolution to remove the city speaker.

it's comically easy to make the speaker based on the rules they passed. However, I think it's important to understand why that will happen. IT happened because mccarthy was so desperate to become speaker.

If you go back to the history, this thing, my carthy was actually passed over for speaker back in two thousand and fifteen when he made this gaffe on T. V. About the benghazi slike committee being set up to hurt his poll numbers, obviously, that wasn't an admission that helped republicans.

And he only got the job this year by making IT so easy to take IT away from him. And remember, they did like fifteen rounds of voting. So this is the problem.

Frankly, one of the problems with my carthy is he is a little bit desperate to have the job. Sometimes when you get a guy who is so desperate for a job or not that effective in IT because are too worried. About IT being taken away.

What you want is a guy who is like, look, take a leave that I could do this job or not do this job that someone where you're going to get body tough in the job I think the guy they should look to right now would be jim Jordan. I think jjb n would be excEllent. Because at the other day, you want a speaker who's going to be fear, not loved, like Nancy polo.

Sy, quite Frankly, you need a republican speaker who's gona be tough, who doesn't give a shit if you like him or not. I mean, this is, I think Kevin's downfall is that he care too much about people liking him. As a result, in the room, he was always tell you something that you liked, but the problem is that he can't deliver on that.

Yeah, so let's get really move in the day. But just a final question here. Do you guys think of shut down in a couple of weeks because that, uh, how long the extension is would be productive for the country if IT, if he becomes the back stop against that a control.

if IT stops the C R process, they'll be effective to the tune of above five hundred billion dollars. It'll be half a trillion .

dollars affected. So the a couple of weeks of the the government .

not spent money, meaning you if you kill the on bus bill and or you have an extremely swim down version of that, will when you revert back to this twelve builds a year process that supposed to be the law, be more affected, you you save habitant to .

the point of that. I think we have to just look at this walli drc. I came out this morning where IT was called rising instrument rates mean death is finally matter. Finally, there's a recognition that yeah finally, there's a recognition, both politically and economically that our deficits and data are too big. And the key point in this article is says most of the increase this is in long term rates is due to the part of yields called the term premium, which has nothing to do with inflation or short term rates. So until now, our interest rate problems have been about the fed raising short term raised to combat inflation.

Now we're seeing a separate problem, which as long rates are going up and the long rates are going up because of this concern that the federal government has too much debt and so bond holders are turned to demand a higher long term premium to hold that dead is what we have been warning about for a long time now for and it's finally happening. So unless the political system gets serious about reducing deficits, even if inflation comes down and even if the fed cuts short term rates, you're going to have a problem with long term rates remaining high, and that is going to keep the cost of capital high. And that is onna, reduce long term innovation.

The economy is bad for us.

terrible for us.

terrible for us. Let's go to another troubling situation. What's happening at the southern border. Videos of migrants crossing the southern border are all over edit youtube acta. One side saying it's chaos, the other side arguably been ignoring IT.

So let's start with the two numbers that we actually put a bunch of time into trying to figure out if there are any accurate numbers. Talk to a lot of people on twitter and other places. There are only we have very, very flawed data on what's actually happening there.

We do have anecdotal videos, obviously are our friend elon went down to the water, into the video self, the best data with the cava a that is very flawed is the count of encounters. This is not folks who get through. This is folks who we're encountered.

So this is the official southerland, uh, border encounters from the U. S. Customs and border protection agencies. Since 2 and twenty twenty one， there are obviously COVID issues on the border, so much more locked down uh, half a million people in twenty twenty one point seven and twenty twenty one two point four rounding up there and in twenty twenty three, supposedly rounding up two million through ten months, tracking a pace for two point three the exact times last year. However, IT certainly doesn't look like that.

It's the exact same again, that's from the border patrol and that is encounters, not actually people got through and then the border states are saying that those numbers are wrong and is a lot more people getting through an eric Adams in new york, where a lot of these people are being sent. And this is obviously been the most politicize issue, I think, of the last decade, governor abbot, in August of twenty twenty two, quote, new york city. Is that the ideal destination for these migrants who can receive the abundance of city services and housing that mayor atoms has posted about within the sanctuary city? Here are the clipsed. And then i'll get your responses from those when we get back.

This is horrific. When you think about what h the governor is doing, the governor, texas, but we are going to set the right message, the right tone, of being here for these families before we begin busing illegal immigrants up to new york. IT was just texas and arizona that bore the bunt of all of the chaos and all the problems that come with IT. Now the rest of amErica is understanding exactly what is going on.

All right? So this is obviously something that new york city is unable to handle. Those are from August last year when this was flaming up.

According to abbott, texas is given bus ticket to forty two thousand migrants, and as of late september, hundred and fifty migrants have arrived in new york city. Since the spring of twenty two, about thirty percent of york city migrants have been used in from texas. I'll stop there and just get your general reactions to what you all believe is happening at the border.

Since we're getting a highly politicized take on each of these, it's become super polar ized. And the numbers, uh, any accurate numbers do not exist. sex.

I don't think it's hard to understand what's going out of the border. I think there are people who I said.

it's hard to understand the numbers of what's going.

I don't even think the numbers of that heart, you have a Better source meers. I have some numbers that are similar. Yours OK. So satis a goes back to two thousand nineteen.

So the numbers I have are about in two thousand and nineteen, which is when remain in mexico, went into effect, the number was eight hundred and fifty one thousand. Then I went down to four hundred thousand because of covet entitled forty two. Then in two thousand and twenty one, we had about one point seven million, which was a new record.

Then in in twenty twenty two year after two point seven million, which was a new record. And the question is, what is happening in two thousand twenty three? Obviously, we don't have a full year of data, but given that we've eliminated remain mexico entitled forty two, I don't think anybody serious ly doubts that we're headed for a new record. And in fact, the washing post had articles in August, september saying that those months were all time records and now they're surpassing eleven thousand daily migrant encounters the border this twice last week. So and you .

know what .

what.

elon, an aggregator, they don't do primary reseal .

o so at which one pretty simple to yours.

maybe from the same source.

We also have the video evidence. We have the fact that you went down there and reported exactly what we're seeing in other common text, which is new records. Virtually every day, every week and every month, the border patrol agents are basically being overrun.

And so you made the correct point that this only measures encounters that doesn't measure the action number of people going through wealth. If border patrol is overrun, then the number of encounters, relatives that we are getting through is obviously going to be very understated. So I think we're on track for another huge record in twenty twenty three.

And the point is that th Epace i s a ccelerating. Elon gave the simple math, there's eight billion people in the world. How many of them would want to be in the united states if they could? Probably billions.

At least half of them.

at least half of them. And I don't blame them. okay? I want to be in the first two, okay? But obviously we can't handle all the people who want to be here.

And the word has gone out via social media, via word of mouth. That border is effectively open. And we've seen numerous videos.

IT wasn't just elon when R. F, K. Went down there to uma, arizona, one hundred .

different things.

all in the wall, and people are just lining up.

But IT was a hundred different countries, right?

Hundred different countries. And and and broadcast the exactly thing coming from eagle pass. So the point is you've got all of these different points where there is no wall and people are just lining up and being let through and in some cases, there is running through because the border patrols is over wrong.

So we effectively have no border. I mean, does admit the truth now yeah and I think that the mainstreet media, the by ministration their policy was basically see no evil here, no evil to deny the reality of what was happening. Erick Adams was one of the first democrats to break ranks.

And listen, we can see the migrants are lining up in tense going around the block. We are trying to put them on hotels is costing us twelve billion dollars we can afford IT, but erick Adams says, has always been a little bit of a market inside the democratic party. We talked about how he was tough on crime during the chase.

Boudinot, which is why I supported, he is a moderate, but he is a moderate. But then you have Cathy hoki, who is the governor of new york, who is nothing, if not a machine politician, just in the last week, saying we cannot handle this. So SHE broke ranks, which was, I think, a big news story.

And now the latest is that the binding administration itself might be breaking ranks. I think your mouth, you posted a really interesting story that mayorkas, who's a sector of dhs, just posted a notice in the federal register, which said there is presently in acute and immediately need to construct physical barriers and roads. The scene of the board in states present .

a lawful entries .

in the states. Now there is no press conference on this. The way that this count reported is some reporter was doing their job keeping track at the federal register and saw that new yorkers had posted a notice saying that they need to construct the wall. Now, I said this, no one on administrating said this.

Previous reasons.

for obvious reasons.

So Jason, what do you think the obvious reason? Well, the obvious reasons trumps entire presidency was predicated on they were going to build this wall. And but i'm saying go back and say that he was right is untangible to get the the, the national national and what ant.

Point to a, David said, new york city has right to shelter. So that means every immigrant who comes there, they have to put them in a hotel. And these are, like, turns out, four, five hundred hundred and eight hotels.

So this is become cata clisson c but obvious ly needs to be a border and h it's ridiculous to say there shouldn't be a bother. Nobody believes that. I don't know why. The administration just can admit that there needs to be A A border of some kind and we can talk about what well, though, action is a Better solution than a while.

But we'll get to that. What is that?

Well, I I don't want to jump to mah. He had something to say so that I i'll spending the second you want or I can jump to IT.

No, jump to jump to IT. Oh, okay. So obviously .

people are talking about the wall. Walls are a terrible solution, uh, because there are latches that can go over them pretty easily. What you really need to have his eyes on IT.

And the two best solution, you can see them here, israel has had a really to understand borders really well. And so what you're seeing, if you are watching, are these are towers which do a great job of monitoring the border. And you could put about two thousand of these saris, a Better range of easily a mile. This is next to water by event systems, is a rural based company, is one hundred sixty foot of violence tower Andrew actually as a century tower as well, a friend, a friend of the pod palmer lucky android. Uh and obviously I and the the border patrol already has ten of the towers.

What do you see as an either or? I'm just curious.

like I think that these smart long posts, as I call them, are the number one first thing to do because you could deploy these in a fraction of the time you could have thousand of years and under a year, four billion dollars. And so these only cost two million dollars each. The ten hours that were putting, we're putting at twenty six million in the pilot. So if you put two thousand of these towers in and you just pick four different vendors, they do five and three, and you test them, that would be for a billion dollars.

That would be nothing. What do you do when you, when the camera spots person.

you send a intercepts there, and then you build the walls where people are crossing most. So that would be my be .

the crossing most they are cross.

You build what you look for hot spots to David. So you but then there's hot spots that we don't know that. So I say you you deploy these for four billion very quickly. And then where there are hot spots, you obviously walls.

but you're still good. Can I be Frank about this?

Sure.

be a Frank you like, look, regards of what you think about from this mayor chest revelation, completely and utter ly vindicates his approach to wanting to build a wall. And there are so many people who won't just admit that he was right, that we need a strong border wall, not because is perfect, not because you can time over if you have the right tools, but because a wall is more defensible than an open field. Now, look, i'm all in favor these towers in the cameras, and understanding is that a lot of the parts of trucks wall did have cameras on them. The is that you have video now coming out of thousands of people streaming across, running a all to stop that two wall is going to be like .

a decade long project so that that's OK.

It's only a decade long if you allow all of these core chAllenges that are designed to frustration IT the fact the matter is, and look, we don't need two thousand miles of wall because there are a lot natural barriers along the border where you have deep rivers or mountains or whatever. What I can need the wall, however, there are pieces of the wall that were literally laying on the ground. They were unfinished.

Trumps term, by the way, trumps should gotten that done. He didn't. And any that whatever the point is, the by administration was actually selling those pieces of wall for scratch metal for two cents on the dollar.

This was a story that came out. Now they're a minting that we need the wall that was pure politics. That makes no sense. They had the construction materials.

They should have just finished IT american yeah .

very crazy. It's because .

the american government didn't like who said the right thing yeah and the tone in which he said IT yes.

And they didn't like that the separation of children from whatever they politicize, that both parties are equally just grow a set in confident that should be a point place system. You lock the border and you allow people in, as i've said ten times on this pocket based on merit, what they're going to contribute to our society. Those that's recruitment.

Some amount of people who are need a yan because they going to be murdered. I E, afghanistan, people who supported us, afghanistan supported us during the war. And then finally, the ordinary process of people applying to come in here. Do your jobs, everybody.

please. What happens .

when you get to the border? Guys, do you just get in? Admit to america.

guys, this is insane. Okay, the by administration started auctioning off what they called spare border. All parts.

Okay, I mean, how does biden live this down? I think this across me. Yeah, you're one hundred.

And right about that. Yeah, I think this is .

like this is a set up for a very bad ad. absolutely.

yeah. And I think this is just because it's become point base system recruitment over chaos. Build a wall.

build the beginning, what you find. The meantime there tens of thousands of people a day hitting the southern.

And we have a national guard. We have, they called the national guard. We send them there. They have to be deployed anyway. Like you put .

the military to basically turn these people around.

Course, of course, you turn right. Yes.

that's .

national guard will be quickly, the towers we second quickest and the walls going to take for you.

How do you how do you process the asylum claim? Because isn't the whole point of asylum like you can send them back to this country in which they're going to be killed in?

And so it's an imperfect process to month, obviously.

So tax and I and a few other folks, we held the fund raiser prove bagram a swarm last week, and we talked about this a lot. And one of the things that we learned is that all the people that come to the southern border are trained in youtube and tiktok in instagram, exactly what to say, so that you have to accept the asylum play and the asylum.

There should be a limited number of them. That's IT just you have this many per year.

I understand, but you don't know whether that person who was helping us in ends up coming in october and not in march. And that's the reason why they can get in the the thing that I learned is that it's a it's a specific script is available in multiple languages, right? So anybody who gets to the southern border knows exactly what to say so that amErica is forced to accept you.

That's not how asylum should work.

The bad news is not everybody y's going to get in. Not everybody will get in .

that jack out of two things we need to do, in addition to your point about sending troops to the border because we do need the manpower.

Yeah obvious number .

one to ch mos point, you can't to say the word asylum and get in. That doesn't make sense. You should produce evidence of actually meeting the the the case for asylum, which is not being economically disadvantage, is being politically prosecuted where you're yes, sent back to your home country, they're going to put you in jail or kill you and there aren't many countries in the world, quite Frankly.

Ly, where that is going to be a about claim. Just be honest about IT. I mean, if you have a freedom fighter from iran coming over, he's going to put jail or killed, let him in. But that's not most of the people lining up at our border.

If you're coming from mexico, very small chance that you are being .

the other thing you got to do is you're got to reinstitute remain mexico. That was the policy .

yeah you I have .

just waiting on the side of the border because .

they're not going to show court. No, we want immigration to this country. IT has to be logical.

And the fact is, everybody wants to come here. That's a great thing. We should be taking advantage of that.

But I can be chaos. It's gotto be orderly. That's what everybody wants.

I don't know why, how this became a political an everybody wants orderly. Everybody wants recruitment. Nobody wants an open board.

but the jc l, in order for IT, not your logo issue, you need both parties to agree and they currently don't. I mean, think about IT. What's in bias interest right now is to do a one eighty on this issue before it's too late.

He's got to do IT. yes. I and it's very simple for the say.

which is hasn't .

because everybody knows that the border doesn't have a wall. We've seen an increase. There's been a ten x increase.

The situation on the field has changed. Therefore, we're going to change. And that's you can say gotcha, but it's the right thing to do because data has changed my opinion.

Where do we get to the point where data can change your opinion? Data should change your opinion. The data is clear that more people are coming through.

That's why I made such a point at the top of this is like we don't even have good data. What these sensor terrors would do would at least give us data and we give us clarity. And then you only need a, you know, uh, a unit every half miles.

You need four thousand units patrolling the border, and they would catch everybody. If this isn't as expensive as people think IT is, this could be. So I mean, the less the less amount of money we gave.

What was the last appropriation for ukraine? sax? And i'll give you red me.

Well, we very appropriate, authorized over one hundred billion and their princess for twenty four billion.

Okay, so for three or four percent of that cost.

we could have the sensor hours. crazy.

We're defending ukraine's not it's .

a very valid point to the republican ms, combined with the the lack of fiscal discipline.

Now the craziness about this is we were sitting here twenty years ago. The republicans were trying to open the border to have more low skilled workers to work in restaurants, to work in businesses. That's not the place we are today. We have too many people coming, and these are not just .

even .

worked workers to to pick vegetables. It's a different group. There was a point time.

Jason, where the wallstreet journal editorial page, which is really the voice of the G. O. P. Establishment, yes, supported a constitutional. In favor of an open border.

This was very much the point of view of the old republican party, which was the libertarian open borders, open trade, free markets position. And the results of those policies have been partially disasters. I mean, I understand the value of free trade and so forth, but and obviously, we want to have high school immigration.

We've talked about that, but IT was too much of a good thing. I mean, they didn't draw intelligent distinctions, but we still have, I think this, to your point, about the battle inside the republican party. We still have that old G O, P. establishment. And now there's a new populous swing that wants to make, I think.

sensible changes. Here's the austral journal story from two thousand. One hope in afterwards. Why not there? IT is, yeah.

that was bob artley, who was the long time editorial page editor. He was kind of like a hero in the consent movement. When I was in college, I read a great book by him called the seven, five years about supply side economics.

And I think he was right about law, that stuff. But along with that economic policy came, I think, this open borders, completely open trade view that I think produce a lot of negative results and has been revisited. And by the way, there is a third leg.

That store, which is forever wars, the hostile journal, is one of the most pro ukraine publications. There is both in the news pages and in the editorial al page. And they have never revisited the results of our disastrous foreign policy.

Will we keep intervening all over the world? This is the old republican party. There is a new republican party that is emerging. And unfortunately, Kevin moarta found himself on the wrong side of that divide. right?

So moving onto an next topic. There was a notable accident with a cruise robot taxi in Simon cisco. This week or not, this is being framed by some as the first automated cruise vehicle to get in an accident.

But what actually happened is not accurate. So there was a hidden run incident. And from cisco, when was by a human driver, that human driver fled the scene.

The hit run launched tragically. The woman underneath F. A cruise vehicle, the cruise vehicle break aggressively according to cruise, but stopped with is a retire on top of the woman's leg.

Police ask crews to keep the vehicle in place and lock in which they did. Emergency response is arrived and use the use of life to get the car off the woman's leg. Local media picked the story .

up the way the police asked cruise to leave the car. Leave the car on the woman's. Like.

yes, I why do they do that? Well I think actually um sometimes moving. No no I do think um for my time is emt sometimes moving the person can cause more damage than leaving IT until you have the emergency services on the scene so they like to wait for emergency services and let because moving IT your broken bone hit your final ari and you could so they just say, stay we are don't make any more movements .

into l through car on top of them. That's ridiculous.

The person's leg. So that would mean that they're not in any danger. IT might be painful, but if you were to move them, I was taught this when I was an empty.

If you move people, you have to be very careful, because you could cause a spinal injury that can become paralyzed, or you could cut a major artery. You got to be very, I was the first class what was called emt fr. First responders. And I worked at bravo ambuLance in brooklin, as on a volunteer .

for about years. Did I skinny jeans to have skin .

jean Green pants and a White color shirt? And yeah, I never told you us the first call I ever got. I never told you that were you like where you like a sexy paramedic or were you .

just like you .

can be A I was a little sexy part goto blush. Here's my first call I got to got night before thanksgiving, wednesday, big night in broker in, I don't know ten the places, but the night before, for thanks, giving everybody goes out parties so big wednesay happens. First call comes in IT.

I was, I was originally the person who picked up the O C. Operator at the one. But then my second job, I was on the bus.

And so first call, first shift is big. Wednesday guy gets, we get to call that the guy get stopped. We go.

The guy is outside T. J, about this. And I kid you not, the guy was in charge of the ambuLance, says, cut the jack off.

I take my shares. We have these really sharp scissors and boom, we go right up to sleep. We cut his jacket. He goes, oh, my members is only jacket. We caught him open and his giant herry chest blood is pumping out like, it's like a little a water fountain.

And the the guy who was run in the bus, I remember, I just put the guy, you got bigger problems in this member only jacket, he says, get the mass pants. The mass pants for so, you know, are used in war. We get trained in them.

You, you never use them. Mass pants are our blood pressure cuff. You put over people's pants to take the blood from their legs, put IT into chest so that they at least survive.

The guys is, get the mass. But I said, get the mass pants. The mass pants are packed away.

You will never use them. I'm getting the mass pants out. We're whiling down fourth and avenue to get this guy and his blood pressures dropping.

His part, rich, dropping blood all over the bus, were trying to control the bleeding. He survived to save him. We saved. Yeah, but I was my first call, first call.

nuts. This was a volunteer gig when you get pay for, no, no, not everything about money for ever, not everything about money.

Yes, I, I.

I taxi. Jason's brother and I asked them if this was true, and I asked for a photo. You want to, you want to put up the photo.

I am, if you the heart stop, this is the guy you want to come. Stove, did your heart stop? Did your heart stop today?

Because I GTA ita. Next, show the other one original .

when you became A O god there.

I like the second one Better.

Yeah, we know which one you like. Better days, good .

nurse is the moment is a moment.

I think that's like a coke bottle. I think that could be at the moment. Ter, we may need to check your temperate, David. It's like a pepsi bottle. We're going to take .

your Mandatory.

What I know, this can be really hot. H J, great, good. But we really appreciate to be great. All right, back to the story about cruise. Now, this terrible accident, why we ve got too well.

Yeah, for the work you did. J, thanks for your service. O. You are .

going to check .

your vital.

okay, local media .

picked top to that .

was that was removable. Local media picked up on this, uh, reporting that crews was responsible for the incident. Director of news for the samsa scope ronal, which is a lunch ch publication women run over by cruise self driving car on market street in downtown csco pulled from under rear axle circumstances under investigation the service has go standard posted on ex a woman suffered tramane injuries after being trapped under a cruse robo taxi in downtown seven donate, fire department spokesperson said few weeks ago, as you know, a video circulated on x from the twitter of twenty or so cruise vehicles causing a massive traffic jam and an intersection in Austin. The robot taxi provider issue has become very divisive.

Here in seventh, cisco, there are now multiple companies work because you that people in safran ces go will put count and to break the car. Yeah, yeah. Why would they do that? Because latics and IT represents technology.

That's the real story here. The real story is the very deep disdain for technological progress. And the second story, I think that so important is the total lack of assumption of risk generally in the U.

S, which limits progress and meaningful ways. Let me just pull up some data that I share here. So make, if you pull up the first time, give you the numbers for every hundred million miles driven in the U.

S, there's about one and a half deaths, car accident deaths. There's about three point two trillion miles driven per year in the U. S.

So about forty five thousand people die from model accident. Teacher, this is a crazy number. Two point three million people have auto accident related injuries in the U.

S. Each year, and there's six million car crashes each year in the U. S. That's one crash for every half million miles driven. Pretty, you know, incredible statistics.

So if you look at this charge to kind of shows the car fatalities over time, now what's the leading cause of car flies? Go next. Number one, I should.

I shall done. This is a quiz. Number one, D, U, I.

cheese. That is unbelievable. That eat yeah.

Number two, speeding. Number three, not using your seat belt. So all, by the way, all three, those are the same.

Yeah, also eighty percent of those eighty percent of deaths are D. I speeding and seat belt non use. Now go to an autonomous ving world.

And so now go to an autonomous ving world. You won't see D. U S, those things are programmed to not speed. Obviously, you're not gonna n if you don't put your seat belt on. And then the fourth one is distracted driving. The real question is what incremental accidents or what incremental errors the autonomists cars make that might you know kind of cause new deaths or new accident. But the net is that we have an incredible number of car accident, six million accidents, two and a half million inches here, forty five thousand, six year, most of which can be prevented by things that are just basic human stupidity.

The first three are all up in. So what you're seeing is warm buffet and geico are probably responsible for lobbying and creating this mess. Prices go to the insurance companies even need to exit trimark .

conspiracy corner. Well, I actually think there's a very different driver for why these things. So I just want to make the case first off that if you if you zoom out and you don't take the anecdotal story of the woman trapped under the cruise car, it's an awful story, but that anette allows people to heighten their fear and heighten their emotion and create a response to autonomists driving, as if that is a cause, a problem.

You zoom out and you ask the question, do fifty thousand people that you are dying because of human stupidity that we can just completely take off the streets? It's such a no brainer that this technology should progress. And i'll give you guys another story.

In nineteen ninety nine, there was a climatically trials for gene had begun. And there is a guy name, l singer. He was a Young kilos.

He was eighteen or nineteen years old, and he passed away from the gene therapy IT. Turns out that there was actually doctor malpractice that was primarily responsible for his death. After that happened, the F, D. A. And the regulators stepped in, and they basically put a halt to all gene therapy clinical trials for about seven years.

The number of lives that were lost during the seven years that went on that we did not make progress on getting gene therapy programs to market is significantly higher than the number of people that would have law fights. Which, by the way, that turns out when you go back to this, this particular death was driven by doctor malpractice, not by the gene therapy technology, necessarily itself. And a lot of the stuff was understood.

And I think we've heard Peter til and others speak a lot about how the U. S. Has lost our appetite for risk. We say that if anyone dies or if any bad thing happens, a new technology should not progress.

But when we look at the benefit of new technology relative to the cost of IT, many of these technology should progressed at an accelerated pace, not an decelerated pace, and stepping in to stop these things from moving forward because number one, were really afraid of new technology. Number two, we can't want to there's a lot of regulatory captured and compensate that wants to see these things not succeed. I think we're really denying ourselves, in many cases, the opportunity to realize progress because we're so concerned about any loss.

Nuclear vision is a really great example of this. Three, my violent accident and focus shima. You know, if you look at the total number of lives off and and there's incredible statistics, so I should probably not pull off the top of my head.

I should be, make sure I get the right numbers. But cheer noble is another good example. If you look at the total number of incremental cancers and the total number of lives that were lost from cheer nobel, you look at three, my island. You look at the khama.

You can ask for sex, you can make a statistical argument that even with those extraordinary cata classical c disasters, the number of lives could have been improved, the number of lives that could have been saved, the progress that people have been, uh could have made, the number of people that have been pulled out of poverty. We may cheap, abundant energy available at an accelerated pace rather than an decelerated pace. IT could have had a much more significant effect.

So I view this in the lens, the autonomous driving backlash in the lens of what we see with a lot of new technologies, which is we lose our our appetite for risk, we lose our tolerance for any sort of incremental loss, and we lose perspective on the fact that, that loss is far, far, far outweigh relative to the games that you gain. If you can get that technology in the market faster, uh, not slower. And I think that is such A A A real kind of story line that's not told very often about how technology and progress is limited, particularly modern age, because when you have enough stuff, you're not win to take as much rest.

Meanwhile, you see china building four hundred and fifty nuclear casion stations and the U. S. Building done.

And I think that that part of the story of where the U. S. Is today.

I mean.

I know that was a big round, but for me, i'm just like so sensitive to the stuff, you know, like all of this, like anti tech stuff and anti progress stuff, because you then pick an antidote and you focus on the anecdote and you miss the bigger fucking picture.

Well, what's so funny about 3Frances go is this is the city that both is the first to approve the testing of IT and then where there's a small fraction of citizens who try to .

go in sabitri。 Guess the next issue is how closer we to having these at scale cruises currently in cem go Austin in phoenix way, mo, very expensive cars, by the way. Uh, they are currently in seventh esco in phoenix for seven and launch L A. soon. And test has been working on this.

You know, another example of this space sex. Some shrapnel got blown into the uninhabited desert lands around, poke a cheek, a taxes to try my starship, a starship. The big one.

Yeah, yeah. And they come in. They're like, shut the whole thing down. You can't have shrapnel flying around. Think about the rise tolerance equation here.

So if you delay space sex by six months to make sure the trainer doesn't fly through the desert that six months longer till humans can perhaps inhabit the moon, go to mars, do all these extraordinary things. This is what I mean about the lack of tolerance for risk. We have to assume that there is a cost in moving things forward.

There has to be a in progress. You don't go fight a war and try and move the front lines of a battle field further into the anthem territory and assume you're gonna have no loss. And all of human progress needs to be thought about in a similar way.

We have to have some degree of loss and some tolerance for risk as we try and make progress with our species. And technology always is gna have set back, is always going to have mistakes. But if the net benefit far out with those mistakes, we have to be willing to accept IT and gets everyone to come to take a broader perspective on what we're doing that this isn't just about maintaining status, quote and not getting hurt. This is about the great benefits we get from moving things forward. And we've lost that in such a profound way over the last fifty years in western culture.

Another great example of this to enter your tire rate is chAllenge trials. And these have been banned for a long time. And if you don't know what the chAllenge is, you introduce something like, let's say, code into a person who has had a COVID vaccine, and yet they are assuming some risk in doing this.

But I was a Young person, as we saw, I probably ouldn't be that much. Rest in there are people who would do IT. And there this, the whole concept of chAllenge trials could reduce in the long term a massive amount of debt, but it's not allowed because of ethics issues. What what do that on every burg chAllenge trials?

I mean, it's to look, there are so many examples we could just keep going through this, from energy markets and nuclear technology to biotechnology to space technology. I've lived IT. I've mean like G M. O technology and bioengineering in food systems. There is a fear in a concern. And like rob henders and set summit, i've always use those to be luxury, believes that this idea that I don't want to have my precious things changed when the benefit really acres mostly to the poorest people in the world.

the people that is, by the way, because that's an important point that people don't realize.

When you make things more productive, whether it's an acre of land to make more food or a unit of energy and the cost comes down per unit of energy, those of us who already have a lot of stuff and have all of our basic needs meet, we have housing, we have shelter, we have food, we have energy. We can afford IT. We live in a great environment.

We live in a place that we can do whatever they have we want at any time we want. We don't care if the Price goes up by thirty percent. I'm happy to go down the whole foods and feel good to plop down an extra fifty percent to buy organic.

Ana, someone who only makes eight thousand dollars a year cares very deeply about that delta. They need to see the cost of food go down, the cost of energy go down, the cost of medicine go down. The improvement that's driven by technology and has been for ten thousand years, mostly accused to the poorest people in society first, that's the problem.

And we all who are in charge, those of us who are rich, who are relate, who have power, who have control, who have influenced, run the fucking government. We all get to raise our home and say, I don't want to take any more risk that one person died. Meanwhile, a million people are starving to death over the next three month.

And you can make that same story, and you can connect those dots in every area of technology that humans are have lost their rist tolerance for in the wealthy, industrialized west. And we are largely, I think, not just in hurting ourselves because of the economic cost and all the other stuff that's going on that we're now seeing is very apparent, but we're also limiting the intelligence and the energy to make technology and progresses that could benefit the whole world. We're limiting its ability to the fears.

And I think it's it's really profoundly sad. And I I hope that we one day look back at this era as almost like a dark ages, and we wake the cup someday and recognize that we need to take some degree of reason, have some powers for making progress, listing to a family. We like IT. We .

like IT. And in listen, thirty five people died. Build in the golden gate bridge, right?

Like the people wanted to see that progress. People took rist. That's IT. No rest, no reward .

to that point. I think IT took two years to create the bay bridge. In seven.

seventeen years to do they are repair to IT and crazy to to build the whole freak on bridge. And even on a dollar just basis.

predict IT was five. It's interesting, he said five hundred fifty million to build the bridge in U. S. dollars. And then IT was the same amount .

of build the s so the cruise thing. So do you believe that cruce will have a good solution to soft driving? I'm just like a little but skeptical. Are they earned by gm now 呀？

But didn't they raise money from soft back? Is and there are some like independent funding as well.

That happened. I was so to G M.

I do was so to G M. And then they set IT up as a sub and they like like alphabet did with more alhambra ise five billion and outside money. The and I think the crews or G, M, try to do the same thing where they've got soft bank and a bunch of institutional investors in it's majority by .

g let IT was fun out because G M didn't have the ability of bank rolet. It's obvious that these are getting there. The question is, is that I think it's more like ten years before this is full deployed, also have to build the cars if ion does get out this robot taxi vehicle for twenty five k which he seems like as well on the way with the model three to getting to this was an early markup from waterish since book.

which looks pretty sharp .

and IT doesn't have it's A A two seat car. So these things zipper around several esco eta at a reasonable speed, twenty five, thirty five miles an hour. I think it's pretty close to having this.

I use the self driving beta, full self driving F S. D. I use IT all the time. I used to only use IT on highways. Now I use IT on side roads.

I just engage IT when it's on roads that are not clearly marked like in roads or a way more. I haven't taken either. I got invited to the beta though for cruise.

I want to take that person.

I would not trust the cruise ride. I don't believe they are responsible for this accident, as IT turns out. But i'm just skeptical that some of these initials are going to pan out. I think .

tesla tester, I think, is a hard .

problem to solve. And i'm dubious about gms ability to develop tech at this levels of sophistication .

will get there.

I think tesla already there .

is if an autonomists tesla drawed up and take you up, would you do that?

Would you take a right in that? I mean, not today, but I mean, when they get there, which I don't think will be ten years, I mean, this way, everybody else, to what do you think.

what do you think the test is? I think this is a an influence problem for tesla, and it's a learning problem for everybody else. So I think in order to build level five autonomy, you have to have good reasoning.

And I think in order to have good reasoning, you just need to have enough training data where you literally see every potential branch and node in a decision tree. And so it's one thing to be able to scan a light, know that is Green and then go forward. But when you multiple that by every inner section, every light in every city, it's a massive, massive learning problem.

So the thing that G, M and creese don't have, in my opinion, is a path to acquire enough data to be credible. Could they solve a limited set of streets in 3Frances co？ yeah. yes. And so if you have the city, sort of block of certain parts of neighborhoods, and say, no more human driven vehicles in these sections, only these three or four license providers can be inside of IT. I think that cruise and way more could work.

But if you're gonna live in a world where there's autonomy, meaning like humans can drive whatever they want, I think text is the only one because I think they've required and they are requiring so much data that for them, they're fine tuning reasoning. And it's exactly what Jason just described. Jason is a perfect example of a consumer now who has adopted IT call IT seventy percent of his use cases and is incrementally kind of like getting towards ninety percent or ninety five percent.

And I think that that's impression I would agree with Jason. I use F, S, D. One hundred percent on the highways and depending on where i'm going, like this weekend when I when I came to David, your house success is full. F S. T. The whole way.

Yeah to every one or one is bullying of .

bull proof and in the city yeah and navigating to get into into David house. If I thought I was, I was pitch perfect and there was wonder twice work. I'm actually the person that's panicking and disengage eh.

Like intersections, right left turns and also just on the highway, like I get a little ski sh at times if IT goes, if IT speeds up or whatever. My point is tesla so close to IT, so I I do trust that they will have a credible solution in the next four, five years. And these other companies, I think that they need to have a solution for training. And I don't see IT.

yes. The point is there's over a million cars recording because when you buy a tesla, you turn on self driving is in every car. And so every car is recording data all the time. I opposed to G M. G M doesn't take the time to put the ten thousand doors, twenty thousand, five.

half a million new collecting, millions of miles, a quarter, a quarter being added to .

the network is exactly what tesla did years and years ago. Even before self driving was a thing, they put all the cameras in the cars to collect the data. And you're right.

G, M doesn't do that. If G M did that to their legacy gas cars and then fund that into cruise, I think they would have a decent shot.

but they're not doing that. Here's a of way. Mo um in and I brought this up because, you know I think there's two different strategy is going on here.

Tests is going for the whole. Mega, they want to be able to do dirt rouge. You've never been on way more. And creese are working from constrained areas that they can perfect. And phoenix is the perfect area because that's a grid base system, very wide highways and IT was planned.

And so if you have a plant community, know this, not like a city in italy or france where it's like the the roads have been there for eight hundred years. When you have some modern city where is a great base system, Austin falls into this as well. For a large portion of Austin, it's going to be fairly easy to do those.

And so that's what we'll see. My prediction is we will see this, what is very flat, obviously no hills and also weather. So you know, the northeast will be the last place when you go to a boston, or you know, you're in a other places that don't have a great day system and you have ice and snow.

This stuff is ten plus years out. But in a dry place with consistent weather like california hoenig s eta, it's, it's, it's now right? It's now, I think, okay, in a bill garies regulatory capture corner, we have a natural story about J S X.

If you don't know, jet sweet x, that to the J S X stands for, this is an airline that offers hop on public charter flights out of fb OS. Uh, tiny are reports usually reserve for private jets. And they give passengers the private jet experience for the cost of roughly a first class ticket.

And major airlines maybe double the cost of a coach ticket. Seven hundred box one way from west chester to miami, four hundred and drills, round trip, not a bad deal by comparison. United on the same day are between five, eight hundred of the first, last from new ork to miami, just with access, forty seven airplanes with twelve hundred crew members.

Let me cut in and giving my annual. On saturday, I took A J. S. X from vegas to oakland, where you do in vegas.

I want to the opening night .

of the youtube concert at the sphere.

opening night at the sphere.

Here I look at the photos .

in the video as I wasn't super impressed. Is IT impressive in person because he didn't come across in the videos?

Yeah, it's incredible. You gotta see IT. I think it's the credible. So it's the first like live experience that I think you have kind of live analog elements like a band.

And this incredibly immersive digital experience because it's a three hundred and sixty foot tall dome and the entirety of the interior, the dome is a digital screen. So there are these scene escapes that they created, that we're like dynamic video on these walls, that it's hard. I don't think the video s do adjust this like when you're actually when you're in this room during this shot right here.

And I was a sitting center. I I ent, so it's like, you're there, dude. I mean, it's, it's, it's inexplicable. It's more real than V, R. It's like, you're in this world, world.

And they even did these amazing integrated scenes where they had, like, helicopters flying overhead, and then they had spotlights coming out of the ceiling while the helicopters were flying in the video above you, like a hot air balloon flying above you, and they drop like a rope down. So IT was the total integration of, like physical and virtual contents. And I think, like you too, to be honest, as greatest the concert was, is almost like the most boring thing you could probably do with that set up over time.

You could probably integrate a lot more thing. You could have giant sets and giant scenes and people, you know, doing stuff physically in your life. You have, like the siege of car stage, and you can have ships on the ground, and then you can see the battle scene behind you. You be like in the middle IT. The whole thing was really.

really about the sound. I heard about the sound.

hundreds of speakers. So when I was down on the floor, I went right by the stage on the floor. The sum of the sound is actually distorted down there, and it's not that good when you're in the seats that set back or the sound is really designed.

Hundreds of speakers like built into the wall. I heard each seat. The sound is A T, C speakers, but really comes from the the dome. And the dome sound, when you're sitting in the seats is .

really like a mercy. And and you took .

and then I can get three, by the way, I I woke my prediction on the sphere. I think we'll be like dozens of these things soon enough OK, because this can become like a new form of live in ter. Then you is not just a stage where someone stands on the to music. It's a new model and more than musical artist. I think you'll see like new kinds of art and new kinds of things happening on these in these things.

Anyway, it's also video on the outside. So you can do advertisements or make a look like a pumpkin, or make a look like a basketball saw.

and cheaper and cheaper over time. The first one was went to two and half billion dollars. It'll make smaller versions. IT will be a couple hundred miles like OK.

So back to jet with x two hundred forty box, you drive up just like an F, P, O, like a private terminal. Drive up, walk in, no security, no lines, no check in. Get on, get off.

It's like wait to some checking. So they know your name and you walk up and they they, uh, you give him a ticket and then they do a good side check. They take your bag and put, ha, oh my god, so so free.

It's ridiculous. And like when my mom comes to visit, he takes IT SHE loves IT. But obviously if it's gotta be some catch I don't really know these rugs, but are some catch.

I gather, able to explain that now. So they have forty seven airplanes, twelve hundred and group members, american in southwest and several major aviation unions are accusing J S X of exploiting a regulatory loops that they can hire pilots who are too old to fly for commercial airlines and who don't have the requisite fifty hour, fifteen hundred hours of flying experience because they are a smaller airline.

A jet redux says its captains average over eight thousand flying hours and first office average over three thousand nine hours. So they are blowing past the regulation. So that's obviously A A red hiring according to jets' ET dex.

Two huge js airlines in their labor unions want companies like jets with x small air Carriers that actually care about providing you with much needed choice and high quality service to be legislated out of existence. And and by the way, jets weedex has a couple of the other airlines. I think united has an investor, so the other airlines actually want this.

There obviously is IT difference in security. But one difference is not how many hours the pilots are. Obviously, it's going through T S.

A. So the the ability to not go through T S. A is such a key part of this experience. And to not go through a big terminal, the blue and united support jax acts, and I think they're expLoring doing this themselves. So regulatory capture had its best.

I guess i'll take the unpopular side of this. I think it's easy to blame this regulatory capture bogeymen here OK. I think jesus seems like an amazing service IT has starlink a bunch of my friends have taken IT.

They seem to enjoy IT a lot. But here's the the the clever arbiters that jet sweet x is taking, which is that they fly under what's called part one thirty five of the F A A. And that is when you take a private plane and you charge IT, the airlines fly under what's called part one twenty one.

And the rules are very different if you one twenty one verses part one thirty five. And the biggest rule is the training of the pilots, which is that there are minimum our requirements to be a commercial airline pilot, which is about fifteen hundred hours versus two hundred and fifty hours for a part one thirty five charter pilot. So I think the question is, is that is one thing where you charter a plane with two or three of your friends that's apart on thirty five license in a small plane.

But when you take a large plane with nobody else, you don't know. I think there's a pretty credible argument that, that's a commercial airline. And I do think that it's reasonable that if you're running a commercial airline through a loophole, at some point, if you get big enough, that loophole is gonna be obvious enough that people will ask you to be closed. I think what you want to to have is this looper closed or you decide that part one thirty five, where there are so many people, the pilot should be at a certain flight trading standard.

And to gets read axis uh defense, they reported their captains average over eight thousand flying hours. So that is a magnitude more five x more than five times the rules and first office over over three thousand. So why not just up that number of hours to five hundred or thousand years?

I continue to here are the except we promise to never hire a pilot that is not under this fifteen hundred hours threshold. That said, there's all kinds of ways to go around IT, but I do think it's important to acknowledge that they're basically running a united, but they're pretending that .

it's a private plane. And I think that the ted, ted, someone.

the united, runs those regional legs as well in in, in equivalent size plains. So I do think that should exist. I just think that I should exist on a relatively level playing field.

I don't want somebody else to use a loops, so I would not want them to use a loops either. Part one thirty five exists. I'm actually agree with to take a private plane in charter, not to run a nearly .

right everybody. This has been another amazing episode of the all in podcast. Thank you too, from his fear of influence David freeman, sult of science and the rain man himself, hot water burn baby and if its acts and the dictator himself math Polly hoppity lobby boys I am the world's greate moderate and will see you next time. 拜拜 but bye。 Rainman give.

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